Term

Term 5 Renewable & Convertible

Original line of business: Commercial Union

Updated on: Dec 12, 2018

Product snapshot

The CU Term 5 Renewable & Convertible Plan is a term plan that renews every 5 years and is convertible until age 65. These plans will expire at age 70.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

Premiums renew automatically every 5 years 

Policy fees

N/A

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: N/A

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

N/A 

Loans

N/A 

Withdrawals

N/A

Cash value

No cash values

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage only

Reinstatement period

N/A

Convertible

Convertible to a permanent plan at the policy anniversary nearest the insured's 65th birthday